A Soon-to-Be $2 Trillion Stablecoin Market? Stripe, Shopify and Banks Want In - Ep. 851
Episode publishedPodcast: UnchainedUnchained
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I feel this is the trend similar with AI agent helps with AI technology, Stablecoin helps payment technology. I think this is like a we're super exciting to see this, to see this upgrade. Everyone should be be able to get benefits from those.
Hi, everyone. Welcome to Unchained, your no hype resource for all things crypto. I'm your host, Laura Shin. Every Every episode, we love to feature listener comments. Today, we have some responses to my recent two part series with Bitwise's Jeff Park. On YouTube, Gatecrasher one wrote, I'm not putting anything past Jeff Park. This guy is both smart and forthcoming in his views on Bitcoin and the effects on the future economy. Also on YouTube, x x x said, I love this guy always, watches interviews. I don't know. It seems like he genuinely wants me to win, l m a o. Most people just trying to sel
you. Thank you for having me. It's great pleasure to have a conversation here. Yeah.
Yeah. Excited to chat. There's been so much stablecoin news this week and last. There was obviously the Circle IPO that most crypto people, kind of missed or or dismissed, and you were one of the few who understood that people were underestimating it. Then this week, there was a plasma ICO, the Privy acquisition by Stripe, and the announcement that Shopify merchants would now be able to accept USDC. And that is only the business news. On top of all that, it looks like we're going to get a stable coin bill passed in the senate soon. So I know people wanna hear about the Privy acquisition, the S
thank you. I really appreciate you notice my my tweet. I I didn't expect that you have so much attention. It I I like, let me start with my my story and my journey. So I joined Circle 2021 and, left, like, 02/2024, early two thousand twenty four as Angie director and the start of my own project, Yala, which is a BDC backed, liquidity layer to help a BDC holder in yield. So I I view myself really have thought a lot about the the stablecoin business. I I see that the people right now is try to compare try to do the traditional way for, like, a financial model. Say, oh, this is the earning, so th
So, basically, you're in a way just saying, like, because The US has the biggest markets that that is and and that's where Circle plays, that that's why it ends up having this competitive edge. And it really is just a different beast from Tether, which is trying to, serve a completely different market. Is that kind of what you're saying?
I I view that potentially US was the faster growing, space in crypto given that right now, the the regulation are favorite, US invest investment place. So I think the last few years, U US are underdeveloped. When when we talk about the the crypto growing, that's where I see that, the new government really think, we wanna be crypto friendly. I'm I'm really happy to see that, and I I really happy to see Circle success. A lot of friends of mine are are really celebrating this IPO. And given the IPO, Circle have even stronger brand, and there'll be a more adoption accordingly. Because Stablecoin i
Okay. Yeah. That makes sense. One of the probably longest standing criticisms of Tether is around transparency. But, yeah, I just wanted to quote from that tweet that you wrote because, it was funny. You know, here we are talking about how a lot of crypto people were kind of comparing the profits to Tethers and, you know, and the profit margins. And, you just wrote, you know so you you talked about how you felt like, the the valuations that people were talking about and and the price that the the, the IPO was gonna launch at, wha
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